The Q4FY24 Ebitda (earnings before interest, tax, depreciation and amortisation) and PAT (profit after tax) beat consensus due to a positive ₹37 crore Ebit (earnings before interest and tax) in the Lloyd business (vs 23 crore loss in Q4FY23). The revenue growth of 12 per cent yearon-year (Y-o-Y) was in-line and led by ECD - electrical consumer durables (up 21 per cent) and Cables (up 14 per cent) segments. The B2B portfolio continues to do well due to industrial & infrastructure demand.
Better cash position - there has been 900 crore rise in cash levels in FY24 to 3,020 crore will support capex plans. Earnings expectations for FY25 are being upgraded by analysts due to the upside in Lloyd and possible other income on the cash stash. FCF (free cash flow) is expected to be strong despite continued capex of 700-800 crore.
Diese Geschichte stammt aus der May 02, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der May 02, 2024-Ausgabe von Business Standard.
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